Board Ballot May 12, 2016 

1

U.S. GOVERNMENT STANDARD GENERAL LEDGER (USSGL) 

VOTING BALLOT #16-01 

The USSGL staff presented Voting Ballot #16-01 at the May 12, 2016, USSGL Board meeting. Please indicate the 

agency’s vote by marking “yes” or “no” on the voting ballot for each proposal to revise the USSGL. Provide a detailed 

justification for all “no” votes. Fax page 1 and any attachments containing comments or justifications for negative votes 

to 202-874-7232 or vote via Survey Monkey. The Survey Monkey link will be provided to the voting USSGL IRC 

board members. Fiscal Service must receive the agency’s votes by EST. 12:00PM May 26, 2016. 

Revisions: 

FISCAL YEAR 2016 

ADD: CHANGE: 

119305 Pg. 2 Yes____ No____ 435100 Pg. 6 Yes____ No____ 

119306 Pg. 2 Yes____ No____ 

119307 Pg. 2 Yes____ No____ 

119309 Pg. 2 Yes____ No____ 

119333 Pg. 3 Yes____ No____ 

411990 Pg. 3 Yes____ No ____ 

417590 Pg. 3 Yes____ No ____ 

417690 Pg. 4 Yes____ No ____ 

420190 Pg. 4 Yes____ No ____ 

439190 Pg. 4 Yes____ No ____ 

462090 Pg. 4 Yes____ No ____ 

579001 Pg. 5 Yes____ No ____ 

579010 Pg. 5 Yes____ No____ 

719090 Pg. 6 Yes____ No____ 

729090 Pg. 6 Yes____ No____

 

DELETE: N/A NON-TECHNICAL CHANGE (DOES NOT REQUIRE A VOTE): 

FISCAL YEAR 2017 

ADD: CHANGE: 

209010 Pg. 7 Yes ____ No____ 109000 Pg. 8 Yes ___ No____ 

415900 Pg. 7 Yes ____ No____ 

 

DELETE: N/A NON-TECHNICAL CHANGE (DOES NOT REQUIRE A VOTE):

Proposed Technical Changes to the USSGL Board Bylaws Pg. 8 Yes ___ No ____ 

 

Name: ______________________________________________ 

Agency: _____________________________________________ 

Date: _____________________________
Board Ballot May 12, 2016 

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The following new USSGL accounts will be effective for fiscal 2016 reporting. 

PROPOSED USSGL ACCOUNTS: 

Account Title: International Monetary Fund – Letter of Credit

Account Number: 119305 

Normal Balance: Credit

Definition: This account is used to record the Letter of Credit for the International Monetary Fund. 

This USSGL can only be used by the Department of the Treasury. This account does not close at 

yearend. 

Justification: Breaking out USSGL 119305 for transparency with Table 6 in the MTS and to 

provide additional breakout for the Financial Report of the United States Government. 

Account Title: International Monetary Fund – Receivable/Payable Currency Valuation Adjustment 

Account Number: 119306

Normal Balance: Debit

Definition: This account is used to record the receivable and payable associated with currency 

valuation adjustments as the International Monetary Fund is in SDRs. Although the normal balance 

for this account is debit, it is acceptable for this account to have a credit balance. This USSGL can 

only be used by the Department of the Treasury. This account does not close at yearend. 

Justification: Breaking out USSGL 119306 for transparency with Table 6 in the MTS and to 

provide additional breakout for the Financial Report of the United States Government.

Account Title: International Monetary Fund – Dollar Deposits with the IMF

Account Number: 119307

Normal Balance: Credit

Definition: This account is used to record the dollar deposits with IMF. This USSGL can only be 

used by the Department of the Treasury. This account does not close at yearend. 

Justification: Breaking out USSGL 119307 for transparency with Table 6 in the MTS and to 

provide additional breakout for the Financial Report of the United States Government. 

Account Title: International Monetary Fund – Currency Holdings 

Account Number: 119309

Normal Balance: Debit 

Definition: This account is used to record currency holdings for the International Monetary Fund. 

This USSGL can only be used by the Department of the Treasury. This account does not close at 

yearend. 

Justification: Breaking out USSGL 119309 for transparency with Table 6 in the MTS and to 
Board Ballot May 12, 2016 

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provide additional breakout for the Financial Report of the United States Government.

Account Title: International Monetary Fund – Reserve Position 

Account Number: 119333 

Normal Balance: Debit

Definition: This account is used to record the reserve position for the International Monetary Fund. 

This USSGL can only be used by the Department of the Treasury. This account does not close at 

yearend. 

Justification: Breaking out USSGL 119333 for transparency with Table 6 in the MTS and to 

provide additional breakout for the Financial Report of the United States Government.

Account Title: Other Appropriations Realized - International Monetary Fund 

Account Number: 411990

Normal Balance: Debit

Definition: The amount of budget authority appropriated for International Monetary Fund as 

specified in the appropriation language. This USSGL can only be used by the Department of the 

Treasury.

 

Justification: Implementing P.L. 114-113 as this fund has been designated a means of financing 

and will show no Budgetary Resources or Status of Budgetary Resources. This USSGL will not 

crosswalk to the SF 133, Schedule P or Statement of Budgetary Resources. However, it will keep 

the relationship between Proprietary and Budgetary for appropriations received.

Account Title: Allocation Transfers of Current-Year Authority for Noninvested Accounts - 

International Monetary Fund 

Account Number: 417590 

Normal Balance: Debit

Definition: The amount of new budget authority transferred between a parent Treasury 

Appropriation Fund Symbol (TAFS) and a receiving TAFS via an accomplished nonexpenditure 

transfer, during the fiscal year, when no investment authority is involved. This USSGL account is to 

be recorded for International Monetary Fund. Although the normal balance for this account is debit, 

it is acceptable for this account to have a credit balance. This USSGL can only be used by the 

Department of the Treasury. 

Justification: Implementing P.L. 114-113 as this fund has been designated a means of financing 

and will show no Budgetary Resources or Status of Budgetary Resources. This USSGL will not 

crosswalk to the SF 133, Schedule P or Statement of Budgetary Resources. However, it will keep 

the relationship between Proprietary and Budgetary for transfers.
Board Ballot May 12, 2016 

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Account Title: Allocation Transfers of Prior-Year Balances - International Monetary Fund 

Account Number: 417690

Normal Balance: Debit

Definition: The amount of unobligated prior-year balances transferred between a parent Treasury 

Appropriation Fund Symbol (TAFS) and a receiving TAFS via an accomplished nonexpenditure 

transfer. This USSGL account is to be recorded for International Monetary Fund. Although the 

normal balance for this account is debit, it is acceptable for this account to have a credit balance. 

This USSGL can only be used by the Department of the Treasury. 

Justification: Implementing P.L. 114-113 as this fund has been designated a means of financing 

and will show no Budgetary Resources or Status of Budgetary Resources. This USSGL will not 

crosswalk to the SF 133, Schedule P or Statement of Budgetary Resources. However, it will keep 

the relationship between Proprietary and Budgetary for transfers. 

Account Title: Total Actual Resources - Collected - International Monetary Fund

Account Number: 420190

Normal Balance: Debit 

Definition: This account is used at yearend closing to consolidate the total amount of actual 

resources collected from all sources for the International Monetary Fund that does not crosswalk to 

the budgetary reports. This account does not close at yearend. This USSGL can only be used by the 

Department of the Treasury. 

Justification: Implementing P.L. 114-113 as this fund has been designated a means of financing 

and will show no Budgetary Resources or Status of Budgetary Resources. This USSGL will not 

crosswalk to the SF 133, Schedule P or Statement of Budgetary Resources. 

Account Title: Adjustments to Indefinite Appropriations - International Monetary Fund 

Account Number: 439190 

Normal Balance: Credit 

Definition: The amount necessary to reconcile obligations with resources for indefinite 

appropriations derived from the General Fund of the Treasury for International Monetary Fund. 

Although the normal balance for this account is credit, it is acceptable in certain instances for this 

account to have a debit balance. This USSGL can only be used by the Department of the Treasury. 

Justification: Implementing P.L. 114-113 as this fund has been designated a means of financing 

and will show no Budgetary Resources or Status of Budgetary Resources. This USSGL will not 

crosswalk to the SF 133, Schedule P or Statement of Budgetary Resources.
Board Ballot May 12, 2016 

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Account Title: Unobligated Funds Exempt From Apportionment - International Monetary Fund 

Account Number: 462090 

Normal Balance: Credit 

Definition: The amount of unobligated budgetary resources in programs exempt from 

apportionment that is available for commitment and obligation for the International Monetary Fund. 

This account does not close at yearend. This account does not close at yearend. This USSGL can 

only be used by the Department of the Treasury. 

Justification: Implementing P.L. 114-113 as this fund has been designated a means of financing 

and will show no Budgetary Resources or Status of Budgetary Resources. This USSGL will not 

crosswalk to the SF 133, Schedule P or Statement of Budgetary Resources. 

Account Title: Other Non-Budgetary Financing Sources for Debt Accruals/Amortization 

Account Number: 579001 

Normal Balance: Credit 

Definition: This accounts if for Treasury's Bureau of the Fiscal Service use, to record accruals and 

amortization related to debt that have not yet been outlaid. Although the normal balance for this 

account is credit, it is acceptable in certain instances for this account to have a debit balance. 

Justification: To distinguish debt amortization and accrual activity from other activity yet to be 

financed by the General Fund of the U.S. Government, so that it can be properly identified and 

eliminated through the IGT process. 

Account Title: Other General Fund Financing Sources

Account Number: 579010

Normal Balance: Debit 

Definition: This account is used to record amounts that are authorized by law to be financed by the 

General Fund of the U.S. Government. This account is for the General Fund of the U.S. 

Government use only. Although the normal balance for this account is debit, it is acceptable in 

certain instances for this account to have a credit balance. 

Justification: Enables the General Fund of the U.S. Government to properly identify amounts 

which are authorized by law to be financed by the General Fund of the U.S. Government, but have 

not yet been provided for in other accounts. Establishes an offset to agencies 579001G to enable 

proper IGT eliminations. 
Board Ballot May 12, 2016 

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Account Title: Gains on International Monetary Fund Assets

Account Number: 719090 

Normal Balance: Credit 

Definition: The gain on assets resulting from valuation changes on International Monetary Fund 

assets. This USSGL can only be used by the Department of the Treasury. 

Justification: To be used with the new BETC so that gains will be reflected on MTS Table 5.

Account Title: Losses on International Monetary Fund Assets 

Account Number: 729090

Definition: The losses on assets resulting from valuation changes on International Monetary Fund 

assets. This USSGL can only be used by the Department of the Treasury. 

Justification: To be used with the new BETC so that gains will be reflected on MTS Table 5. 

PROPOSED CHANGE TO CURRENT USSGL ACCOUNTS FOR FISCAL 2016: 

Current Account Title: Partial or Early Cancellation of Authority With a U.S. Treasury 

 Warrant 

Proposed Account Title: Partial or Early Cancellation of Authority 

Account Number: 435100 

Normal Balance: Credit 

Definition: The amount of annual, multi-year, or no-year appropriation authority that is canceled 

early by administrative action in a definite account or by early cancellation of the entire 

appropriation. 

Justification: This activity will no longer be accomplished with a U.S. Treasury Warrant. This 

activity will flow through the Year End Module in ATM. 
Board Ballot May 12, 2016 

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The following new USSGL accounts will be effective for fiscal 2017 reporting. 

PROPOSED USSGL ACCOUNTS: 

Account Title: Liability for Fund Balance While Awaiting a Warrant 

Account Number: 209010

Normal Balance: Credit

Definition: The General Fund of the Treasury's liability for Fund Balance with Treasury while 

awaiting a warrant. This account corresponds to the Federal reporting entity's Fund Balance with 

Treasury under a Continuing Resolution (USSGL account 109000). The balance in this account will 

adjust to zero when the U.S. Department of the Treasury's Bureau of Fiscal Service issues a warrant 

and must adjust to zero by yearend. This account is for the General Fund of the Treasury use only. 

This account does not close at yearend. 

Justification: Establishes an offset to agencies 109000 in order to enable proper IGT eliminations 

under a continuing resolution. 

Account Title: Repayment of Repayable Advances 

Account Number: 415900 

Normal Balance: Credit 

Definition: Amounts actually transferred by nonexpenditure transfer during the fiscal year to 

Advances to the Unemployment Trust Fund and Other Funds for repayment of repayable advances. 

This transaction is accomplished via a Nonexpenditure Transfer. This USSGL account is to be used 

by only the Department of Labor. 

Justification: This account was created to address the repayment of repayable advances specific to 

the Department of Labor. 
Board Ballot May 12, 2016 

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PROPOSED CHANGES TO CURRENT USSGL ACCOUNTS FOR FISCAL 2017: 

Current Account Title: Fund Balance With Treasury Under a Continuing Resolution 

Proposed Account Title: Fund Balance With Treasury While Awaiting a Warrant 

Account Number: 109000 

Normal Balance: Debit 

Definition: The amount equal to the funding provided under a continuing resolution and 

apportioned in accordance with Office of Management and Budget's automatic apportionment 

bulletin. Pursuant to a continuing resolution or enacted annual appropriation act, the account may be 

used while awaiting a warrant to be issued for an appropriation by the U. S. Department of the 

Treasury's Bureau of the Fiscal Service. The balance in this account will adjust to zero when the 

U.S. Department of the Treasury's Bureau of Fiscal Service issues a warrant and must adjust to zero 

by yearend. This account does not close at yearend. 

Justification: Update the title to distinguish that this account is not only for use when an Agency 

has a Continuing Resolution. 

PROPOSED TECHNICAL CHANGES TO THE USSGL BOARD BYLAWS 

Please refer to the USSGL Board meeting handout, “USSGL Board Meeting: Ballot Items for FY16 

and FY17” for specific changes.